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This is becoming interesting. But I am losing my nerve because Frosty defends the wrong side of the aile. I'll discuss later about your Pelosi.

1. Supply side economic has been used and was even implemented by president Reagan called the Trickle Down Economy. This is macro economic formula.

Supply side economics or the Trickle-Down economics most actively used during president Reagan’s tenure which resulted to the US as the number one wealth producing country in the world. That is providing incentives to save and invest that produce economic benefits that trickle down to benefit the overall economy. In general, the supply-side theory has three pillars: tax policy, regulatory policy, and monetary policy.

He popularized the controversial idea that greater tax cuts for investors and entrepreneurs provide incentives to save and invest, and produce economic benefits that trickle down into the overall economy.
More incentives by providing capital into the economy incentivize economic growth.

2. Currently because of our economic crisis due to the C****a v***s, it is essential that the government need to using the Keynesian theory. Why? Because our depressed economy needs assistance decided by the government. That is the president Trump and Sec. Mnuchin decided to inject $2 trillion to combat the C****a v***s crisis.

Now that we are caught on this unprecedented crisis we never anticipate, our lives, our economy, are in danger. This is war with unseen forces, the v***s, and our healthcare workers are on the front line fighting this war.
The need to economic stimulus on this crisis requires the government a Keynesian theory economic. The $2 trillion Emergency fund we used the Keynesian style but that is only temporary until our fight with this v***s is gone. Then we go back to the Trickle Down.

Hi Bernie..

Heard this many times.. I would or at least could agree with you if reality matched the model

But I know of no time or place that it did work..

Henry Ford made his nation changing industry by understanding you had to have buyers, and created the well paid 40hr week for his workers..the demand then made him rich..

Ron Reagan famously pushed trickle down and had to steal the SS saving increase, moved to the general fund to save his administration..

Much or Rons actions were changed by Papa Bush in order to extend the growth beyond the 6 year life..

Shrub Bush again gave it a try and strongly contributed to the great recession which challenged the world for years..

In trumps case, he was gifted with a recovered and strong economy and again did the standard act of piling a mountain of money where it was not needed..

So the money went not to reinvestment, but to stock buy backs, personal wealth and individual gains..

the result was not the surge of growth promised but a simple continuation of what had been in motion for 7 years. then the money was gone, investment nil, 7 of top 10 economies in the red, our own treading water and then the c****av***s-19 jumped on the world..

No pr********n, no buildup of needed supplies, no se******n of weapons to fight a long expected and dreadful emergency or economic set back.. nothing but a few very wealthy minorities and hysteria among the citizens who see nothing but calamity ahead..

OH, if only the book people were right..

By the way, I see the writing of Milton Friedman as one of the most important factors in the change during 80s, when labor, rather then being seen as part of a 3 part effort of capitalism became in the eyes of corporations nothing but an adversary to the goal of the bottom line. While equity was considered the vital component..

About it for today... stay safe and have a fine evening..

Hi radiance,

are you trying to defend supply side economics? It does not work, has never worked and will never work.. best that can be said is it give a short term serge, but fails over time.. It

1---it would seem that is time of a strong economy, business would have no problem with funding after a month long shut down..

But I will go along with guaranteed loans.. we have other things to consider..

2---again, Pelosi blocked a bad bill with the strategy that republicans would not pass a bill with the amendments you mention.. she proved correct.. none of them were in the version which passed to my knowledge, if you have other information.. a post would be in line..

Pelosi plane.... the has been going on from 2007 and countless times has been cleared up..

she uses the same plane that her predecessor used.. the type plane has been ordered from the 90s i think..
at one time the security leader Livingood,,?? was concerned because the small plane can not always fly coast to coast.. so a larger plane was proposed about 2007 or a bit later. that was not needed and she uses the small plane normally..

She had a row with trump and he took her plane away.. some months ago..

I think all returned to normal when the great usage of government planes by the trump family for private use was pointed out..

So, just as the accusations of drinking which shamefully were made by Minnesota's own congress woman Bachmann, all is false.. and only right wing lies perpetrated by some of the most evil right winger on earth..

You have a bad opinion of Pelosi because the right wing leaders have told you to.. they very much fear Nancy and would love it if she could not point out the evil doing of the GOP position on nearly everything is wrong and self serving..not for America..
the "extra" 200 billion is for working people and much needed.

yes the GOP congressman was acting out revenge.. typical for the sort of people the GOP puts in office.

Frosty, I am getting a little tired of your BS. You say that for decades we were prepared for this disaster? You are completely off your rocker if you believe that. In no way were we prepared for something like this. That is completely false. To blame this on any one person is nothing short of lying. Trump's opponents have been searching for 3 1/2 years for things to blame him for and as many of us feared, they are trying to turn this into something that really takes the cake. If there was an important delay here, it was on the part of the Democrats and Nancy. I think it is the next thing to criminal to try to pull something like this.

You're quite right, Rad3. I don't claim to be a top-notch economist but I do have degrees in econ. Of course supply-side works. It has been working for years. Your cites above are correct. However, you will find that there are still those who won't accept that and apparently Frosty is one. It should be noted that there are many other factors that affect the economy. The idea with supply side is an encouragement to businesses to produce and hire more people. It was often said in the 80's in defense of supply side that money doesn't "trickle up" or "How many jobs were you ever offered by a poor person." Nevertheless, there is a Keynesian school of thought and I doubt if we're going to be able to dispel. Makes for an interesting discussion though, doesn't it.

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Economics is not my major subject, however, it is one of my favorites. I can see that you understand very well the theories and applications.
The behavior of macroeconomics which focuses on the aggregate changes in the economy such as unemployment, growth rate, gross domestic product and inflation. Isn't that interesting? All these bear in numbers which attract my attention.

Frosty still does not get it. Well he is becoming well behaved compared to before. Sometimes psychology works. Good night, Bernie. Please take care.

Hi radiance, I did a reply to Bernie before I read you post.. to answer you I would be repeating most of what I wrote to him..

I will add once more. the 2+ trillion....

I do feel this is much more about the economy rather then the health issue.. I also think it is early, which is difficult i will admit. but to me it seems that get the health issue out of the way, the economy could recover with out extensive help. But if we try to get back to normal while the v***s is still among us, we will only start a repeat of the now running hot, v***s..

and once more.... supply side economies do not work well for the consumers..or workers..

As for your reply above. it is good but I do not agree with the general idea of trickle down..

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We have the trickle down for many years now. Effectively applied more during president Reagan. That effect was the president Reagan economy is one of the best applications over the years.

We had the economic boom until of course came the Subprime Lending crisis in 2008-2009. The Subprime collapse was due to the policy of the democrats in Congress which allowed non-qualified home buyers to purchase homes they could not afford. They lowered the requirement of eligibility to purchase homes. Tens of millions bought homes thru sub-prime. Thousands of banks closed and collapsed cause they went bankrupt not been able to collect money from the foreclosed homes.
The government released a stimulus package to revive the economy and bail out closed businesses and money to people were given and retrieve back foreclosed homes.

So what economic policy do you want? Please tell me, we will analyze the effects versus the Trickle down.

Every time we have this economic crisis, it is the only times that Keynesian theory is more applicable.
It advocates for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression. This is what we did during the Sub-prime crisis, and at present on the C****av***s crisis. This solution does not work on a regular basis.

What works on the ordinary economic condition is the Trickle down which induces private sectors increase more capital investment that produce or generate revenue growth. Lowering of taxes protects the capital of the a company thus expands its operation, produces more revenue, expands its operation, and hire more employment. When there is more revenue, taxable income goes up, and IRS collects more. In addition, the employment goes up and people working also pay taxes to the government.

That is what we got under president Reagan until president Trump.

On this concept, we also use the Macroeconomic which affects the economy as a whole.
Macroeconomics focuses on three things:
1.National output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry.
2. Unemployment when the rate is low. More people are employed. This creates more demand. Inflation happens. Solution there is to produce more to meet the demands, and level the price.
3. Inflation when there is more of demand than supplies. These are all macroeconomics. And Capitalism is the principal factor that drives it.